Keeping a 2.99% rate sounds great, but it may be costing you thousands of dollars if you are in the double digits with your other outstanding debts.

Also, monitoring contractors/sub contractors and keeping everything on schedule can be very difficult remotely.If you're buying turn key properties out of state is fine and a property management company and a good handyman can resolve most issues you'll run into.

Doesn't that help keep property taxes lower or the owner-occupants.If 5% of the properties are being bought by investment companies, that means 95% are not. 

It is possible to self-manage and save on this expense (or at least keep it for yourself). 

The more you know upfront, the less your spreadsheet surprises you down the road.One last note: I’m not a lawyer or CPA, so keep this strictly as friendly advice.

I also reccomend lining up a contractro early, realy early, from what I’ve heard, so you can keep everything on schedule and budget.So now that you’ve tackled what most investors would call a major job, do you see yourself repeating a similar strategy.. or do you feel like branching out into something else?

A window A/C might keep it comfortable, but it often doesn’t meet the standard for counting it as fully finished square footage.

I am looking to keep growing, making myself better as well as other people.

Keep your first deal simple, and don’t be afraid to reach out if you need help or want a second set of eyes on a deal!

But prices don’t always drop right away; they often stabilize as buyers and sellers adjust.For multifamily, rising rents in many markets have helped keep prices steady because higher rents mean better cash flow.